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Euromoney: Commodity trade finance at the crossroads
Published on:
September 8, 2020
Tradeteq CEO Christoph Gugelmann agrees that many trading firms will struggle to access competitive terms in this environment, particularly if they are small and with limited credit history.
It is not uncommon for commodity trading houses to support their supply chains, particularly in situations where banks would not fund these counterparties. John MacNamara, an industry veteran and CEO of consultancy Carshalton Commodities, questions what they do with all that dirt-cheap unsecured revolving credit facility money.
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